Analysts: Bank of Japan's asset sale plan predicts rate hikes in October

According to BlockBeats, on September 19, analysts said that the yen generally strengthened against the G10 and Asian currencies after the Bank of Japan unexpectedly released a hawkish signal. Matt Simpson, senior market analyst at StoneX, pointed out that although the central bank kept interest rates unchanged as expected, it announced it had begun to shrink its super-large ETF and REIT positions. "This marks an important symbolic step to officially get rid of ultra-loose policies in the Abenomic era," he said. "The key point is that the Bank of Japan has officially begun to reduce its holdings of unconventional assets." Simpson added that this could also be a precursor to the central bank's rate hike in October. (Jin Shi)